Head of Finance, Rundoo

• Experience — You have 5-10 years in investment banking, private equity, venture capital, consulting, and/or strategic finance at a startup beyond Series A
• Honest & trustworthy — You must tell an honest story of the business; sugarcoating and over-optimism have killed many startups. You will work with sensitive company and personal information, and you must handle it responsibly
• Financial modeling skills — You have had a role that required modeling out the future finances of a company
• Accounting skills — You know the basics of accounting: debits and credits, income statement / balance sheet / cash flow statement, revenue recognition
• HR skills — You know the basics of recruiting (writing JDs, sourcing/interviewing candidates), managing (OKRs, PIPs, performance reviews), and compensation (salary, equity, medical/dental/vision insurance, fringe benefits)
• Location — You are based in the Bay Area and are excited to generally be in-person four days per week in Redwood City
• Detail-oriented — You ensure that finances are categorized accurately
• Inviting personality — You build rapport quickly with others because you will be a leader at the company

Desirable

• We have found product-market fit and are now working to scale quickly: we want to 2-3x each year for the next five years
• To ensure we scale with maximum capital efficiency, we want to bring on an expert in strategic finance
• In addition to finance, we want this expert to own our people strategy
• Why? Because people are both the largest financial expense and the largest financial driver of success
• Our investors agree: their most successful portfolio companies at our stage marry financial and people operations
• As such, this is the broadest role we have hired externally for, and we’re excited at the impact you can have!
• If you & Rundoo are successful, we hope you will build out a team and eventually become CFO
• By the end of your third month, we want you to own the below 10 things. The first 7 are traditionally finance:
• Build the operating model — Define the underlying drivers of the business and then model all cash inflows and outflows on a forward-looking basis that ends up matching reality. This model will be the bedrock of all strategic decisions we make
• Make strategic recommendations — Based on the above operating model, make recommendations on hiring, fundraising, and any other key metrics that drive the business
• Communicate with our investors — During quarterly board meetings and ad hoc data requests, communicate with our current investors on the financial status of the business
• Fundraise from new venture capitalists — Work with the co-founders to tell the compelling financial story of the business to attract additional investments
• Hold the team accountable — Every team has a metric they are driving toward. Ensure this metric is calculated correctly and in front of the teams so they can manage toward it. If they are not on track, flag it immediately
• Close the books — Ensure our P&L, balance sheet, and cash flow statement are generated in an accurate and timely manner at month-end. As we grow, we will likely have investor-mandated audits that we expect you to lead us through
• Ensure compliance — Ensure we pay all income, payroll, and other taxes on time, working with outside professionals as needed. Ensure we are filing all necessary franchise fees, licenses, forms, and the like
• And the last 3 are traditionally people (recruiting/HR):
• Build our people strategy — Work with department heads to define and publish a compensation framework — in terms of salary, commission, equity, and benefits (medical/dental/vision insurance, educational, health, parental leave policies, etc.) — that attracts and retains top talent
• Build our employer brand & recruiting system — Build a recruiting system that attracts world-class talent to Rundoo, onboards them effectively, measures performance accurately, and empowers managers to drive for excellence
• Handle HR issues — When HR issues inevitably arise, work with outside legal counsel and the hiring manager to address the challenges at hand. Ensure we are compliant with all relevant laws
• Success and Failure
• By your third month, your level of independence will largely determine your success or failure
• Success: You have earned the trust of the board and co-founders to operate independently
• We all have high confidence we are spending our capital in the most efficient way to drive growth
• You have built an excellent operating model that is consistently close to actual results
• We have more conviction in hiring plans because of this accuracy
• Department heads are operating more effectively because you’ve focused them on the metrics that matter
• VCs are eager to invest because you tell a compelling story of the business
• Top talent is eager to join Rundoo and productive when they’re here
• Failure: We consistently find errors in your work or suggest changes to the way you are operating
• The operating model does not forecast reality with any predictability
• There is no meaningful change in how effectively departments operate or the level of talent we can attract
• We have unresolved HR issues that create liability for the company
• You do anything (using funds inappropriately, sharing personal information inappropriately, answering questions negligently) that suggests a lack of honesty, trustworthiness, or judgment
• If we are in the failure situation, we will either part ways or move you elsewhere in the company

• Because this role will bring an orthogonal skill set to the company, we will lean heavily on opinions of those outside the company. Namely, you will interview with one of our investors, and we will lean heavily on references
• Intro call, 30 min — A call with Nick (Co-Founder & CEO) to understand your background. A few questions about your knowledge of strategic finance and people operations
• Financial modeling, 30 min — One of our VC investors will assess your knowledge modeling the finances of a SaaS company
• Onsite, 6 hours — A full day with the cofounders and department heads you will be working directly with: head of sales, head of product, and VP of engineering
• 6 References — Two manager, two peer, and (if relevant) two managee references to get a full picture of what it’s like working with you